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Auto, general liability drive insurance rate hikes in Q1
Continued increases in commercial auto liability and general liability rates accelerated insurance rate increases in the first quarter, but rates in other lines moderated or fell, according to the Council of Insurance Agents & Brokers latest pricing survey.
Dave North to receive Lifetime Achievement Award
Dave North, executive chairman of Sedgwick Claims Management Services Inc., will receive the 2024 Business Insurance Lifetime Achievement Award for outstanding accomplishments in the claims, insurance and risk management sector.
Intact offering builders risk product
Intact Insurance Specialty Solutions, the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC, Thursday said it would offer a quota share builders risk product with $100 million in capacity per construction project, on a lead or follow basis.
Injuries from hospital shooting should have been compensable: Appeals court
The New York Court of Appeals on Thursday ruled that a lower appeals court wrongly determined that a first-year resident at Bronx-Lebanon Hospital who was shot and injured by a disgruntled former hospital employee was not covered by workers compensation.
Aon’s Jennifer Bell to retire as North America chief
Jennifer Bell has stepped down as CEO of Aon North America and will be executive chair of the business before retiring at the end of this year, the company announced Thursday.
Food supplier to pay $1.7 million for workplace safety hazards
A Cincinnati-based food supplier has agreed to pay $1.7 million in federal penalties related to several workplace hazards discovered during investigations by the U.S. Occupational Safety and Health Administration, the agency said Thursday.
Insurer need not defend city in police officer’s retaliation suit: Court
The 3rd U.S. Circuit Court of Appeals Wednesday agreed that a Pennsylvania city’s insurer is not obligated to defend it against a police officer’s third lawsuit over alleged retaliation for his union activities.
Talanx sees net income grow by 35%
Allianz sees net profit grow by 22%
Video: Comp Spotlight with Jennifer Cogbill of Gallagher Bassett
Jennifer Cogbill, senior vice president, GBCare, managed care advisor group for Gallagher Bassett, discusses the mental impact of claims handling.
Berkshire reveals $6.72 billion Chubb stake, insurer's shares rise
Warren Buffett’s Berkshire Hathaway Inc. on Wednesday revealed a new, $6.72 billion stake in Chubb Ltd., confirming months of speculation that it had made a big new investment.
Highest-paid broker executives 2024
Unusually, the highest-paid executive among publicly traded brokerages last year was neither a CEO nor male.
Ship that hit Maryland bridge had lost power several times, investigators say
The cargo ship Dali lost electrical power several times before it crashed into the Francis Scott Key Bridge in March, killing six people and paralyzing a major transportation artery for the Northeast, federal investigators said on Tuesday.
Hannover Re’s net income grows by 15%
Everest Insurance expands to Australia
Leading reinsurers reveal billion in losses from quakes
Workers putting AI to work: survey
Companies might tread carefully when it comes to using artificial intelligence; meanwhile, workers have cannonballed into the new technology they say has made their jobs easier, according to a survey of 1,008 full-time workers.
Comp industry wary of rise of migraine meds
Costly prescriptions to treat neurologically caused migraines comprise the only drug class on the rise in workers compensation, driven by new drugs and the fact that migraines are common among the populace.
Video: The BI Interview with Mike Chapman of Hub
Mike Chapman, national director of commercial markets at Hub International, says the long hard market for commercial insurance appears to be softening in some areas, providing some relief for buyers.